16th Jun 2015 09:47
LONDON (Alliance News) - Christie Group PLC said Tuesday it trading "on par" with the previous year, and cited a growing transactional pipeline and more evenly distributed activity across the trade sectors it operates in.
Christie provides business services, and stock and inventory system and services to the leisure, retail and care markets.
In a statement ahead of its annual general meeting, the company said "this is a positive position, given the general reticence amongst clients to implement business purchase decisions in the run-up to the [UK] General Election."
In its professional business services division, the company said it is investing in its brand and website, and a move to more digital advertising has seen "significant increases in both website registrations and site traffic."
It has seen a strong flow of valuation work in the first quarter, and an 81% rise in the year to date of the average loan size arranged for its Christie Finance clients.
In its Stock Inventory Systems & Services segment, the company said its new product Venpos Cloud is ready to be sold and marketing has begun.
"Our domestic businesses are strong. The recovery in Europe remains patchy and this continues to affect our performance there. We continue to recruit talent as we anticipate a further rewarding full year for our shareholders," said Chairman Philip Gwyn in the statement.
Shares in Christie Group are trading down 3.5% at 126.00 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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